Options in Alliances Valuing Flexibility in Inter-Firm Collaborations |
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| Author:
| Baldi, Francesco |
| Series title: | SpringerBriefs in Business Ser. |
| ISBN: | 978-88-470-2849-4 |
| Publication Date: | Nov 2012 |
| Publisher: | Springer Milan
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| Imprint: | Springer |
| Book Format: | Paperback |
| List Price: | USD $49.95 |
Book Description:
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The real options-based conceptual framework for alliance-making presented here responds to the challenge of developing a new metrics for managing strategic partnerships in the face of uncertainty. Such a framework involves: mapping (and selecting one of) the various staged paths envisioned for the start-up and development of the alliance in terms of strategic options exercisable over the lifetime of the cooperative venture; assessing the incremental, synergistic value of those options...
More DescriptionThe real options-based conceptual framework for alliance-making presented here responds to the challenge of developing a new metrics for managing strategic partnerships in the face of uncertainty. Such a framework involves: mapping (and selecting one of) the various staged paths envisioned for the start-up and development of the alliance in terms of strategic options exercisable over the lifetime of the cooperative venture; assessing the incremental, synergistic value of those options (if exercised on the net, tangible and intangible, assets of the venture); anticipating the potential impact of risks on the success/failure of the venture and associated synergistic value erosion; defining the optimal option map for implementing the strategic alliance via potential, successive adjustments to the initial strategy (information loop is closed).